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Are stocks free falling or is it a buying opportunity? — MM #184

October 29, 2018

US stocks are falling from the highs and are officially in correction territory. But are the bears in full control? We analyze the reasons for the drop and argue about the next moves before providing an update on Brexit.

What’s going on with stocks?: The Fed is raising interest rates and plans more moves. Trump’s policy against China is taking its toll but that is not new either. Emerging markets, Italy, and Brexit are also in the mix but this is not breaking news. What about companies’ earnings? Is it a long due correction or just a mood swing?

Brexit: Talks are stuck after the EU Summit with no new one in November. We provide a quick update on the impasse and lay out the possible scenarios for a deal and for the pound.